Intech Investment Management LLC Purchases New Shares in Hilton Grand Vacations Inc. (NYSE:HGV)

Intech Investment Management LLC acquired a new position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 65,657 shares of the company's stock, valued at approximately $2,385,000. Intech Investment Management LLC owned 0.06% of Hilton Grand Vacations at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HGV. Reston Wealth Management LLC purchased a new stake in shares of Hilton Grand Vacations during the third quarter valued at about $25,000. nVerses Capital LLC purchased a new stake in shares of Hilton Grand Vacations during the second quarter valued at about $32,000. Blue Trust Inc. lifted its position in shares of Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company's stock valued at $36,000 after buying an additional 588 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Hilton Grand Vacations during the second quarter valued at about $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hilton Grand Vacations during the second quarter valued at about $120,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Performance

NYSE:HGV traded up $2.08 during midday trading on Monday, hitting $44.26. The company's stock had a trading volume of 775,087 shares, compared to its average volume of 776,270. Hilton Grand Vacations Inc. has a fifty-two week low of $33.21 and a fifty-two week high of $49.02. The firm's 50 day moving average is $38.31 and its 200-day moving average is $39.29. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The firm has a market cap of $4.36 billion, a P/E ratio of 50.30, a P/E/G ratio of 2.28 and a beta of 1.82.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.03). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the company posted $0.98 EPS. Hilton Grand Vacations's quarterly revenue was up 28.3% compared to the same quarter last year. Equities analysts anticipate that Hilton Grand Vacations Inc. will post 3.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on HGV. Jefferies Financial Group lowered shares of Hilton Grand Vacations from a "buy" rating to a "hold" rating and decreased their price target for the company from $55.00 to $35.00 in a research report on Friday, August 9th. Barclays upped their price objective on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, November 8th. StockNews.com downgraded shares of Hilton Grand Vacations from a "hold" rating to a "sell" rating in a report on Monday, August 12th. JPMorgan Chase & Co. downgraded shares of Hilton Grand Vacations from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $55.00 to $36.00 in a report on Friday, August 9th. Finally, Truist Financial cut their price objective on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $44.00.

Insider Activity

In other news, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the completion of the transaction, the insider now directly owns 88,532 shares of the company's stock, valued at $3,678,504.60. The trade was a 35.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.30% of the company's stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.